Aaron Infra Projects

The Bharatmala project, which is touted as the biggest infrastructure project in the history of India, is expected to impact businesses of as many as 25 toll projects across the country. According to a report by rating agency Icra, these toll road projects, with a debt of Rs 19,435 crore, are at risk due to the planned economic corridors under the Bharatmala project.

Delhi's Indira Gandhi International Airport is now among the top 20 busiest airports in the world with a yearly traffic of 63 million. To keep up with the growing footfall and serve the flyers better Delhi International Airport Ltd is planning to expand the existing terminals. Also, the Delhi Metro will be expanding its services to the Terminal 1 through the Magenta Line which would be fully operational by the end of April.

During a hearing on April 16, Jaypee Infratech had said that its valuation has been slashed drastically and had put forth an affidavit to the Supreme Court stating that with the help of interim funds, it can finish the flats. However, this proposal has been rejected by the apex court as the statute bars an ailing company to bid. Jaypee says that its representation should have been considered given that it had been completing 500 units every month.

Causing huge traffic jams and breaking down of vehicles, Noida roads are known for all the wrong reasons. The Noida Authority, however, now plans to up its sleeves and begin the task of resurfacing the damaged roads covering 300 kilometres of area. The drive will include all the arterial corridors which experience high traffic, internal roads in the residential and industrial pockets of the town and roads which have not been repaired in the last four years. The authority is presently awarding contracts worth Rs 300 crore for the road resurfacing work which is likely to begin in a few days.

A day after Chief Minister Yogi Adityanath on the occasion of UP Diwas launched projects worth Rs 500 crore in the twin cities of Noida and Ghaziabad which fall under the national capital region, Union Minister of Road Transport and Highways Nitin Gadkari on January 25 inaugurated and laid the foundation stone for several projects in Uttar Pradesh. The worth of these projects is pegged at Rs 6,517 crore. Let us look at what is coming up and running in Yogi's state as far as infrastructure is concerned.